Intraday Scalping Strategy
- Thread starter rangarajan
- Start date
Hi RR,
I have been working on this strategy for last few months and yes it works.
there are two things i have observed on following this strategy:
1. You need to wait till first hour to let the mkt settle and leave High and low.
2. Even if it didnt reach tgt then also the reverse trading covers your loss and leave you with profit.
I will suggest others who are looking for intraday trading to practice on this strategy and make their comfort level.
thanks to you to putting it in black and white for us.
IMF:thumb:
I have been working on this strategy for last few months and yes it works.
there are two things i have observed on following this strategy:
1. You need to wait till first hour to let the mkt settle and leave High and low.
2. Even if it didnt reach tgt then also the reverse trading covers your loss and leave you with profit.
I will suggest others who are looking for intraday trading to practice on this strategy and make their comfort level.
thanks to you to putting it in black and white for us.
IMF:thumb:
I select 15 stocks only which i trade regularly.
My platform Nest Plus,provided by my broker.
It has a Colour indication provision,whenever a stock breaks Day,s High or Breaches Low.So also for 52week H/l.
Besides.whenever a stock trades near the H/L,i keep it in radar or put a S/L buy or Sell with Tgt also.
My s/l would be previous P/H or previous Hr H/L or 62%Fibonacci depending on chart or my comfort zone.No hard & fast rule.
Of late,i also keep an eye on stochastic as per Smart's strategy to judge stock behaviour.I am an ardent admirer of Smart
for his knowledge & methods.
From my experience,i have found invariably the result would be achieved within max 15-30 mts in most of the cases.
If it drags,listen to yr instinct.But avoid Greed & Fear since v r only Scalping.
Finally,as Smart had mentioned elsewhere,Trading is NOT Science & is an ART.
It is propablity.
Never,Reenter a stock once the trade is over or tgt achieved before u could enter.Mkt is big & search for another.
Experience gives u comfort & ease.
Finally,be assured,the success ratio is high here as per my experience.
Keep an eye on the stock which had not reached the Tgt in the next 2-3 days.
Good luck.
Pl post yr experience if u try this strategy.
My platform Nest Plus,provided by my broker.
It has a Colour indication provision,whenever a stock breaks Day,s High or Breaches Low.So also for 52week H/l.
Besides.whenever a stock trades near the H/L,i keep it in radar or put a S/L buy or Sell with Tgt also.
My s/l would be previous P/H or previous Hr H/L or 62%Fibonacci depending on chart or my comfort zone.No hard & fast rule.
Of late,i also keep an eye on stochastic as per Smart's strategy to judge stock behaviour.I am an ardent admirer of Smart
for his knowledge & methods.From my experience,i have found invariably the result would be achieved within max 15-30 mts in most of the cases.
If it drags,listen to yr instinct.But avoid Greed & Fear since v r only Scalping.
Finally,as Smart had mentioned elsewhere,Trading is NOT Science & is an ART.
It is propablity.
Never,Reenter a stock once the trade is over or tgt achieved before u could enter.Mkt is big & search for another.
Experience gives u comfort & ease.
Finally,be assured,the success ratio is high here as per my experience.
Keep an eye on the stock which had not reached the Tgt in the next 2-3 days.
Good luck.
Pl post yr experience if u try this strategy.
Hw u get that colour indication, plz elabirate, any specific coding
Even today i follow it but i have added ADX for strength.
Everyday, confidently trade Tatamotors, success ratio 90%.
Another one is a combination of Stochastic, MACD, Adx cobination in 30min TF. Trade when all are in harmony, sure shot.
Even some one else had also mentioned about Tatamotors in this Forum, i dont recall the thread.
Everyday, confidently trade Tatamotors, success ratio 90%.
Another one is a combination of Stochastic, MACD, Adx cobination in 30min TF. Trade when all are in harmony, sure shot.
Even some one else had also mentioned about Tatamotors in this Forum, i dont recall the thread.
Last edited:
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
Intraday trading / scalping | Technical Analysis | 1 | |
| F | Intraday trading system-best scalping indicator now available | AmiBroker | 17 | |
|
Scalping SBIN with my levels INTRADAY | Trading Diary | 26 | |
| G | ADANIENT RT Scalping Trades... ONLY INTRADAY!! | Trading Diary | 55 | |
| G | Intraday Scalping in Mcdowell-N | Day Trading | 123 |
Similar threads
-
-
Intraday trading system-best scalping indicator now available
- Started by ford7k
- Replies: 17
-
-
-